Puerto Rico Economic Pulse ©

June 2006: A Reply to “The Economist”

An overview of the other side of Puerto Rico’s story

Rarely had the prestigious British publication, The Economist, taken time to look into Puerto Rico’s economy. This time, it focused on several aspects of which Puerto Ricans are certainly not very proud. Lower levels of employment than in the states and high levels of public aid and welfare enrollment are undeniable. However, once the poorhouse of the Caribbean, Puerto Rico became the shining star of this area. Fifty years ago, the island underwent a quiet revolution and has become a world-class center for pharmaceutical production. Yet, this side of the story was not told. Find out other facts The Economist failed to fairly expose regarding Puerto Rico.